Philippine Taxation Updates and Beyond as Part of the Growth for the Next Generation of Start-Up and Business People.

Thursday, May 8, 2014

Mandatory Submission of Quarterly Summary List of Sales and Purchases (SLSP) by All VAT Registered Taxpayer

The bureau has issued Revenue Regulations No. 1-2012 which took effect last January 1, 2012 requiring the Mandatory Submission of Quarterly Summary List of Sales and Purchases (SLSP) by All VAT Registered Taxpayer Thereby Amending Section 4.114-3 of Revenue Regulations No. 16-2005, as amended as follows:

a. Persons Required to Submit Summary Lists of Sales and Purchases. -

(1) Persons Required to Submit Summary Lists of Sales. - All persons liable for VAT such as manufacturers, wholesalers, service-providers, among others are required to submit Summary List of Sales.

(2) Persons Require to Submit Lists of Purchases. - All persons liable for VAT such as manufacturers, service-providers, among others are required to file Summary List of Purchases.

e. Rules in the Presentation of the Required Information in the Summary Schedules. - XXX

(7) The Quarterly Summary List of Sales and Purchases shall be submitted through Compact Disk-Recordable (CDR) medium following the format in Subsection (g) hereof."

"f. Required Procedure and Format in the Submission of Quarterly List of Sales and Purchases - XXX

g. Issuance of Certificate of VAT Withheld at Source - XXX

h. Penalty Clause -

Under these regulations, it is also stated that the provisions of RR 16-2005 and all other issuances inconsistent herewith are hereby repealed, modified or amended accordingly. Likewise, all reference to "magnetic form 3.5-inch floppy diskettes" in RR 16-2005 shall henceforth refer to "Compact Disk-Recordable (CDR)".

Supreme Court Of The Philippines

COFFEE PROJECT

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Ayala Malls

TECHtonic 2017: Manila Tech Covention

TECHtonic 2017: Manila Tech Convention will bring together local and international tech entrepreneurs, business leaders, investors, and private corporations on July 29 - 30, 2017 at the SMX Convention Center, Mall of Asia, Pasay City from 10:00am - 6:00pm. Register at http://www.techtonic.ph/techtonic-pass.html

Tree Top Adventure Nature Park

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Azalea Hotels & Residences BAGUIO

Make every trip to the City of Pines an experience to keep with a stay at Azalea Residences, Baguio’s first and only 4-star serviced apartment hotel that will make every family vacation, group getaway, or romantic retreat more memorable. Delight in Azalea’s modern and generously appointed hotel facilities that comes complete with kitchen equipment, dining and entertainment area.

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